Louisiana Senate Bill SB47

Louisiana 2025 Regular Session

• Introduced: 3/31/25
• Refer: 3/31/25

Caption

Removes limitations on total amount of premiums received by LWCC in any calendar year from operations in other states. (8/1/25)

Summary

SB 47 amends the law governing the Louisiana Workers’ Compensation Corporation (LWCC) to remove existing caps on the amount of premium revenue it may receive in a calendar year from coverage tied to operations in other states. Under current law, LWCC may write workers’ compensation coverage for Louisiana employers with out-of-state operations, but the bill would eliminate the 20% cap on LWCC’s total annual premium volume from such business and the 30% cap on the premium attributable to any single insured’s out-of-state exposures. The bill retains the basic eligibility framework for this coverage: the insured must be domiciled in Louisiana, incorporated in Louisiana, or have its principal place of business in Louisiana, and the coverage must relate to temporary or permanent operations in other states. The measure is effective August 1, 2025, and amends R.S. 23:1393(A)(2), the statute creating and governing LWCC.

Impact

SB 47 would change the statutory limits on LWCC’s underwriting of multistate workers’ compensation business by removing percentage-based restrictions on both the corporation’s aggregate annual premium receipts from out-of-state operations and the share of premium for any one insured tied to other states’ laws. This could allow LWCC greater flexibility to expand coverage for Louisiana employers with multistate operations and potentially increase premium revenue, while leaving the core statutory authorization for LWCC to provide workers’ compensation, Longshore and Harbor Workers’ Compensation Act, and Jones Act coverage intact.

Sentiment

Based on the bill text and available context, the measure appears to be a technical or market-expansion change rather than a highly controversial policy shift. There are no recorded committee transcripts or votes in the provided materials, so no formal support or opposition is documented here. The bill’s framing suggests a business-oriented approach aimed at giving LWCC more flexibility to serve Louisiana employers operating across state lines.

Contention

The main point of contention, if any, is likely the removal of the existing premium caps. Supporters would view the change as increasing LWCC’s competitiveness and ability to meet employer demand, while critics might worry that eliminating limits could expose LWCC to greater risk concentration or reduce the statute’s guardrails on out-of-state business. No specific individuals, groups, or committee members are identified in the provided record as taking either side.